Europe Refrigerator Market
The India refrigerator market is anticipated to grow at a CAGR of 8.4% during the forecast period. Continuous GDP growth, rising disposable income, & urbanization, increasing temperatures of the country (especially in summers) are rising the demand for refrigerators in India. Moreover, with the increase in supermarket penetration in the country, the demand for commercial refrigerators are also expected to grow considerably in the near future. Moreover, the market is attributed to the strong presence of various global market players that are engaged in various product portfolio expansion activities as per the consumer requirements across the country. For instance, in February 2020, Haier Group launched a new range of single-door inverter refrigerators that is available in HRD-242-E, HRD-2623-E variants in the Indian market.
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Due to COVID-19 and the nationwide lockdown, consumer expenditure on the luxury